This one-bedroom first-floor apartment, located on Old Street in Clevedon, presents a promising opportunity for those looking to invest in a property with renovation potential. While the home requires some updating, it features a private entrance and ample space for creative enhancements, allowing you to tailor it to your preferences or maximize its rental value.
Upon entering, you’ll find a hallway that includes an understairs storage cupboard equipped with an outlet for a washing machine. The first floor comprises a separate living room, a functional kitchen complete with essential appliances including a cooker and hob, as well as a three-piece bathroom suite featuring a shower over the bath. The generously sized double bedroom offers flexibility for personal use or tenant accommodation.
Externally, the apartment boasts its own distinct entrance, providing added privacy and convenience.
In terms of location, the property is advantageously positioned just a short stroll from Clevedon High Street. This vibrant area is home to various shops, cafés, and restaurants that cater to diverse tastes. Additionally, Clevedon Hospital is nearby for essential services. Residents can also enjoy the scenic promenade and local parks along the waterfront—perfect for leisurely walks or outdoor activities.
Currently occupied by a tenant who provides £850 per month in rent, this apartment could appeal particularly to buy-to-let investors seeking immediate income or those willing to undertake renovations for future appreciation. The leasehold was established in 2023 with an impressive 999-year term remaining and comes with a modest management charge of £51.58 per month. Council Tax Band A ensures manageable ongoing costs.
This property holds significant investment potential in an attractive location ripe for revitalization or rental opportunities.
